Financial Services Sector: Value Investing Analysis
About the Financial Services Sector
Companies that provide financial services include banks, savings and loans, asset management companies, credit services, investment brokerage firms, and insurance companies. Companies in this sector include Allianz, JPMorgan Chase, and Legg Mason.
The Financial Services sector groups related businesses that share similar economic characteristics, market dynamics, and competitive forces. By analyzing stocks within this sector, you can compare companies on a more level playing field—making it easier to identify which businesses offer the best value for your investment dollars.
Understanding sector performance helps you evaluate whether individual stocks are cheap or expensive relative to their peers. A P/E ratio that looks high in one sector might be a bargain in another. This context is essential for value investors seeking to calculate realistic expected returns.
Financial Services Stocks: Value Analysis
Below are the stocks we track in the Financial Services sector, with key value investing metrics. If you have special knowledge about this sector, you have an advantage—use these metrics to find stocks that may be trading below their intrinsic value.
| Company | Current Price | Current Price Discount 10 years |
|---|---|---|
| United States Natural Gas Fund, LP (UNG) |
$10.19 | none |
| BlackRock (BLK) |
$1072.03 | none |
| Selective Insurance Group (SIGI) |
$90.12 | none |
| Bankwell Financial Group (BWFG) |
$66.71 | none |
| White Mountains Insurance Group, Ltd. (WTM) |
$2050.81 | none |
| Voya Financial (VOYA) |
$102.12 | none |
| Chemung Financial Corporation (CHMG) |
$83.90 | none |
| Network-1 Technologies (NTIP) |
$1.58 | none |
| Pacific Financial Corporation (PFLC) |
$18.38 | none |
| Flushing Financial Corporation (FFIC) |
$15.47 | none |
| Intercontinental Exchange (ICE) |
$156.50 | none |
| Oxbridge Re Holdings Limited (OXBR) |
$1.40 | none |
| Markel Corporation (MKL) |
$1785.74 | none |
| ACNB Corporation (ACNB) |
$64.30 | none |
| Welltower (WELL) |
$235.90 | none |
| Popular (BPOP) |
$164.85 | none |
| City Holding Company (CHCO) |
$143.97 | none |
| Equity Bancshares (EQBK) |
$49.62 | none |
| Sierra Bancorp (BSRR) |
$40.37 | none |
| Affiliated Managers Group (AMG) |
$355.85 | none |
| Principal Financial Group (PFG) |
$114.02 | none |
| FB Financial Corporation (FBK) |
$54.69 | none |
| RLI Corp. (RLI) |
$61.20 | none |
| Eagle Bancorp (EGBN) |
$27.33 | 25.9% |
| United Bancorp (UBCP) |
$15.81 | none |
| Origen Financial (ORGN) |
$0.95 | none |
| BankFinancial Corporation (BFIN) |
$12.00 | none |
| Republic Bancorp (RBCAA) |
$96.26 | none |
| Invesco Ltd. (IVZ) |
$32.09 | 9.5% |
| Kingstone Companies (KINS) |
$19.34 | none |
| Gladstone Land Corporation (LAND) |
$9.46 | none |
| Outfront Media (OUT) |
$28.64 | none |
| Raymond James Financial (RJF) |
$175.47 | none |
| Heritage Insurance Holdings (HRTG) |
$34.53 | none |
| Synchrony Financial (SYF) |
$75.44 | none |
| Carver Bancorp (CARV) |
$1.60 | 65.7% |
| Nasdaq (NDAQ) |
$94.22 | none |
| Euronet Worldwide (EEFT) |
$70.73 | none |
| The Allstate Corporation (ALL) |
$253.58 | none |
| Community West Bancshares (CWBC) |
$26.01 | none |
| Arbor Realty Trust (ABR) |
$4.92 | 7.5% |
| Boston Properties (BXP) |
$63.72 | 4.2% |
| American Tower Corporation (REIT) (AMT) |
$172.98 | none |
| LendingClub Corporation (LC) |
$19.21 | none |
| American International Group (AIG) |
$75.03 | 1.4% |
| Park National Corporation (PRK) |
$186.82 | none |
| Gaming and Leisure Properties (GLPI) |
$41.50 | none |
| Bar Harbor Bankshares (BHB) |
$40.40 | none |
| MicroStrategy Incorporated (MSTR) |
$132.70 | 5.1% |
| Apollo Commercial Real Estate Finance (ARI) |
$6.76 | 51.7% |
| The St. Joe Company (JOE) |
$63.90 | none |
| Southside Bancshares (SBSI) |
$31.91 | none |
| CVB Financial Corp. (CVBF) |
$22.39 | none |
| CorVel Corporation (CRVL) |
$66.44 | none |
| Redwood Trust (RWT) |
$3.63 | none |
| VirnetX Holding Corp (VHC) |
$11.57 | none |
| DDR Corp. (DDR) |
$0.00 | none |
| Waterstone Financial (WSBF) |
$21.36 | none |
| High Sierra Technologies (HSTI) |
$1.40 | none |
| WisdomTree Continuous Commodity Index Fund (GCC) |
$27.11 | none |
| Associated Banc-Corp (ASB) |
$30.34 | none |
| Artisan Partners Asset Management (APAM) |
$39.70 | none |
| Extra Space Storage (EXR) |
$135.63 | none |
| Retail Opportunity Investments Corp. (ROIC) |
$0.00 | none |
| PennyMac Mortgage Investment Trust (PMT) |
$9.42 | none |
| Equinix, Inc. (REIT) (EQIX) |
$1023.81 | none |
| Whitestone REIT (WSR) |
$18.99 | none |
| Four Corners Property Trust (FCPT) |
$24.10 | none |
| NexPoint Residential Trust (NXRT) |
$22.86 | none |
| United Bancshares (UBOH) |
$39.30 | none |
| Kearny Financial Corp. (KRNY) |
$9.73 | none |
| The9 Limited (NCTY) |
$3.79 | none |
| Houlihan Lokey (HLI) |
$135.27 | none |
| Aon Plc (AON) |
$304.69 | none |
| National Bankshares (NKSH) |
$42.01 | none |
| Orchid Island Capital (ORC) |
$6.50 | none |
| Shore Bancshares (SHBI) |
$23.13 | none |
| Ryman Hospitality Properties (RHP) |
$122.50 | none |
| National Bank Holdings Corporation (NBHC) |
$41.32 | none |
| Independence Realty Trust (IRT) |
$15.23 | none |
| Industrial Logistics Properties Trust (ILPT) |
$7.89 | none |
| CCSB Financial Corp. (CCFC) |
$0.00 | none |
| Camden National Corporation (CAC) |
$57.18 | none |
| Morningstar (MORN) |
$198.09 | none |
| WVS Financial Corp. (WVFC) |
$20.50 | none |
| First Interstate BancSystem (FIBK) |
$36.82 | none |
| Realty Income Corporation (O) |
$60.11 | none |
| First Financial Corporation (THFF) |
$77.25 | none |
| Easterly Government Properties (DEA) |
$23.98 | none |
| Annaly Capital Management (NLY) |
$22.61 | none |
| CCUR Holdings (CCUR) |
$2310.00 | none |
| NMI Holdings (NMIH) |
$44.42 | none |
| Union Bankshares (UNB) |
$23.87 | none |
| Loews Corporation (L) |
$108.68 | none |
| Provident Financial Holdings (PROV) |
$18.69 | none |
(BPO) |
$0.00 | none |
(SCBT) |
$0.00 | none |
| UDR (UDR) |
$35.40 | none |
| Live Oak Bancshares (LOB) |
$38.90 | none |
| Apartment Investment and Management Company (AIV) |
$2.46 | 91.1% |
| MFA Financial (MFA) |
$8.75 | none |
| Webster Financial Corporation (WBS) |
$77.57 | none |
| LCNB Corp. (LCNB) |
$18.97 | none |
| U.S. Bancorp (USB) |
$62.11 | none |
| Ventas (VTR) |
$89.38 | none |
| Ares Commercial Real Estate Corporation (ACRE) |
$4.45 | 49.5% |
| FS Bancorp (FSBW) |
$43.50 | none |
| National Australia Bank Limited (NABZY) |
$13.64 | none |
| Brixmor Property Group (BRX) |
$28.90 | none |
| Horizon Bancorp (HBNC) |
$19.57 | none |
| Westwood Holdings Group (WHG) |
$18.60 | 53.7% |
| Sun Life Financial (SLF) |
$78.48 | none |
| Wintrust Financial Corporation (WTFC) |
$150.55 | none |
| Seacoast Banking Corporation of Florida (SBCF) |
$33.86 | none |
| German American Bancorp (GABC) |
$49.25 | none |
| Fifth Third Bancorp (FITBI) |
$25.69 | none |
| Newtek Business Services Corp. (NEWT) |
$12.15 | none |
| OceanFirst Financial Corp. (OCFC) |
$18.65 | none |
| Ares Management Corporation (ARES) |
$134.37 | none |
| Ameriprise Financial (AMP) |
$551.88 | none |
| CIT Group (CIT) |
$0.00 | none |
| Community Trust Bancorp (CTBI) |
$76.43 | none |
| CareTrust REIT (CTRE) |
$39.04 | none |
| Tiptree (TIPT) |
$17.81 | none |
| United Tennessee Bankshares (UNTN) |
$30.50 | none |
| Valley National Bancorp (VLY) |
$13.76 | none |
| Northern Trust Corporation (NTRS) |
$184.69 | none |
| Hannon Armstrong Sustainable Infrastructure Capital (HASI) |
$38.40 | none |
| AvalonBay Communities (AVB) |
$184.06 | none |
| Consumer Portfolio Services (CPSS) |
$9.20 | 72.8% |
| Vornado Realty Trust (VNO) |
$34.68 | none |
| New York REIT (NYRT) |
$0.00 | none |
| Sun Communities (SUI) |
$116.04 | none |
| Chubb Limited (CB) |
$337.62 | none |
| Wheeler Real Estate Investment Trust (WHLR) |
$0.38 | none |
| Ames National Corporation (ATLO) |
$31.82 | none |
| Hilltop Holdings (HTH) |
$38.34 | none |
| Harleysville Group (HGIC) |
$0.00 | none |
| SB Financial Group (SBFG) |
$29.03 | none |
| KKR & Co. (KKR) |
$104.09 | none |
| Banc of California (BANC) |
$18.40 | none |
| Omega Healthcare Investors (OHI ) |
$47.19 | none |
| Sabra Health Care REIT (SBRA) |
$20.79 | none |
| Blackstone Mortgage Trust (BXMT) |
$13.87 | none |
| EPR Properties (EPR) |
$59.67 | none |
| UMH Properties (UMH) |
$15.66 | none |
| CB Financial Services (CBFV) |
$37.31 | none |
| ProAssurance Corporation (PRA) |
$25.00 | 4.4% |
| Stock Yards Bancorp (SYBT) |
$77.50 | none |
| LPL Financial Holdings (LPLA) |
$349.60 | none |
| Lake Shore Bancorp (LSBK) |
$18.59 | none |
| Independent Bank Corporation (IBCP) |
$36.76 | none |
| Meta Financial Group (CASH) |
$79.10 | none |
| Equity LifeStyle Properties (ELS) |
$61.07 | none |
| United Fire Group (UFCS) |
$53.67 | none |
| Home Federal Bancorp, Inc. of Louisiana (HFBL) |
$25.02 | none |
| Truist Financial Corporation (TFC) |
$50.15 | none |
| AGNC Investment Corp. (AGNC) |
$10.51 | 49.9% |
| State Street Corporation (STT ) |
$191.89 | none |
| Crown Castle International Corp. (REIT) (CCI) |
$75.18 | none |
| Central Pacific Financial Corp. (CPF) |
$37.38 | none |
| American Financial Group (AFG) |
$140.48 | none |
| National Western Life Group (NWLI) |
$0.00 | 64.4% |
| Unity Bancorp (UNTY) |
$58.77 | none |
| Brandywine Realty Trust (BDN) |
$2.98 | 75.3% |
| eHealth (EHTH) |
$0.92 | none |
| Rayonier (RYN) |
$20.46 | none |
| First Financial Bankshares (FFIN) |
$32.69 | none |
(ALTE) |
$0.00 | none |
| Commerce Bancshares (CBSH) |
$58.09 | none |
| First Robinson Financial Corporation (FRFC) |
$72.00 | none |
| Ashford Hospitality Trust (AHT) |
$3.11 | none |
| Camden Property Trust (CPT) |
$104.11 | none |
| Public Storage (PSA) |
$294.60 | none |
| Eagle Financial Services (EFSI) |
$45.66 | none |
| BOK Financial Corporation (BOKF) |
$134.51 | none |
| State Street Corporation (STT) |
$191.89 | none |
| DigitalBridge Group (DBRG) |
$15.92 | none |
| Cboe Global Markets (CBOE) |
$291.87 | none |
| 360 DigiTech (QFIN) |
$8.60 | none |
| Investors Title Company (ITIC) |
$298.32 | none |
| Encore Capital Group (ECPG) |
$97.33 | none |
| American Equity Investment Life Holding Company (AEL) |
$0.00 | 19.1% |
| Great Ajax Corp. (AJX) |
$0.00 | none |
| Summit Financial Group (SMMF) |
$0.00 | none |
| First Busey Corporation (BUSE) |
$30.21 | none |
| Healthpeak Properties (PEAK) |
$0.00 | none |
| Cathay General Bancorp (CATY) |
$61.34 | none |
| BancFirst Corporation (BANF) |
$110.80 | none |
| SBA Communications Corporation (SBAC) |
$186.74 | none |
| Transcontinental Realty Investors (TCI) |
$39.17 | none |
| The Bank of Nova Scotia (BNS) |
$92.84 | none |
| Evercore (EVR) |
$283.62 | none |
| Global Net Lease (GNL) |
$9.08 | none |
| Urstadt Biddle Properties (UBA) |
$0.00 | none |
| American National Bankshares (AMNB) |
$0.00 | none |
| Trustmark Corporation (TRMK) |
$47.45 | none |
| Annaly Capital Management (NLY ) |
$22.72 | 27.2% |
| Apple Hospitality REIT (APLE) |
$16.51 | none |
| Usio (USIO) |
$2.13 | none |
(SRCE ) |
$89.74 | none |
| Fairfax Financial Holdings Limited (FRFHF) |
$1668.65 | none |
| Bank OZK (OZK) |
$51.30 | none |
| Oconee Financial Corporation (OSBK) |
$52.25 | none |
| VelocityShares Daily 2x VIX Short-Term ETN (TVIX) |
$112.36 | none |
| Franklin Resources (BEN) |
$32.39 | 18.8% |
| Old National Bancorp (ONB) |
$26.64 | none |
| Ameris Bancorp (ABCB) |
$87.83 | none |
| Green Dot Corporation (GDOT) |
$13.11 | 34.0% |
| QCR Holdings (QCRH) |
$102.95 | none |
| ConnectOne Bancorp (CNOB) |
$32.94 | none |
| Lexington Realty Trust (LXP) |
$60.53 | none |
| HSBC Holdings plc (HSBC) |
$106.42 | none |
| Invesco Mortgage Capital (IVR) |
$7.41 | 56.9% |
| Summit Hotel Properties (INN) |
$6.88 | none |
| The PNC Financial Services Group (PNC) |
$248.49 | none |
| Noah Holdings Limited (NOAH) |
$8.45 | none |
| Capital City Bank Group (CCBG) |
$52.30 | none |
| Capital One Financial Corporation (COF) |
$208.71 | none |
| The Charles Schwab Corporation (SCHW) |
$104.47 | none |
| Credit Acceptance Corporation (CACC) |
$587.85 | none |
| Bank of Marin Bancorp (BMRC) |
$29.50 | none |
| KeyCorp (KEY) |
$22.18 | none |
| SLM Corporation (SLM) |
$25.69 | none |
| American Express Company (AXP) |
$331.50 | none |
| Citigroup (C) |
$127.13 | 19.1% |
| Cigna Corporation (CI) |
$296.47 | none |
| Equity Residential (EQR) |
$68.85 | none |
| The Goldman Sachs Group (GS) |
$980.75 | none |
| American Assets Trust (AAT) |
$23.72 | none |
| M&T Bank Corporation (MTB) |
$250.33 | none |
| The Progressive Corporation (PGR) |
$219.99 | none |
| Iron Mountain Incorporated (IRM) |
$120.75 | none |
| Agree Realty Corporation (ADC) |
$80.39 | none |
| Simon Property Group (SPG) |
$235.61 | none |
| Regions Financial Corporation (RF) |
$30.94 | none |
| Community Bank System (CBU) |
$66.10 | none |
| California First National Bancorp (CFNB) |
$33.95 | none |
| ARMOUR Residential REIT (ARR) |
$16.36 | none |
| The Hartford Financial Services Group (HIG) |
$145.68 | none |
| JPMorgan Chase & Co. (JPM) |
$344.71 | none |
| Discover Financial Services (DFS) |
$0.00 | none |
| Prudential Financial (PRU) |
$122.63 | 57.3% |
| MetLife (MET) |
$97.02 | 13.3% |
| Prologis (PLD) |
$145.47 | none |
| Kimco Realty Corporation (KIM) |
$26.01 | none |
| Arlington Asset Investment Corp. (AI) |
$8.85 | none |
| Genworth Financial (GNW) |
$10.08 | 72.5% |
| UnitedHealth Group Incorporated (UNH) |
$420.57 | none |
| Wells Fargo & Company (WFC) |
$83.87 | none |
| Unum Group (UNM) |
$83.63 | none |
| Morgan Stanley (MS) |
$203.13 | none |
| T. Rowe Price Group (TROW) |
$118.87 | none |
| Riverview Bancorp (RVSB) |
$5.29 | none |
| Saul Centers (BFS) |
$34.32 | none |
| CME Group (CME) |
$265.44 | none |
| Cincinnati Financial Corporation (CINF) |
$181.33 | none |
| BB&T Corporation (BBT) |
$29.84 | 34.8% |
| Fifth Third Bancorp (FITB) |
$56.57 | none |
| Arrow Financial Corporation (AROW) |
$40.05 | none |
How to Invest in Financial Services Stocks
Sector-Specific Considerations
When evaluating Financial Services companies, consider these key factors:
- Sector fundamentals: Is this sector growing, mature, or declining? Growth prospects affect reasonable earnings forecasts.
- Economic sensitivity: How does this sector perform in different economic conditions? Understanding cyclicality helps you time purchases.
- Competitive dynamics: Are barriers to entry high or low? Strong moats protect profits and justify premium valuations.
- Regulatory environment: Does government policy significantly impact this sector? Regulatory changes can create risks or opportunities.
- Capital intensity: Does the business require heavy capital investment? Capital-light businesses often generate better returns.
✓ Sector Analysis Checklist
- Compare P/E ratios within the sector
- Look for strong free cash flow generation
- Assess debt levels relative to peers
- Evaluate dividend sustainability
- Check management track record
- Calculate margin of safety
Common Sector Pitfalls
- Chasing last year's hot sector
- Ignoring sector-wide headwinds
- Overpaying for market leaders
- Neglecting competitive threats
- Failing to diversify across sectors
- Not understanding the business model